Punch Newspapers·4 min read·hard
BOI Targets 80% Loans for Power, Manufacturing Sectors
D
Damilola Aina
✦AI Summary
The Bank of Industry (BOI) in Nigeria has announced a new financing strategy for 2026, prioritizing sectors like power, manufacturing, and digital infrastructure. The plan aims to boost industrial productivity and economic resilience by allocating 80% of large enterprise loans to these key areas.
Why it matters
This strategic shift is critical for Nigeria's economic recovery, aiming to address high inflation and structural bottlenecks in the real economy.
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